Romania sees almost 400,000 land and building transactions

Romania recorded over 393,000 land and building transactions in the first eight months of this year, according to the National Agency of Cadastre and Land Registration.

Almost 57,000 buildings were traded in August.

Bucharest saw the highest number of building transactions, namely over 47,700. Cluj ranked second with almost 26,400 deals whereas Ilfov came third with over 23,300 transactions. In August, over 7,100 properties were traded in Bucharest.

The number of mortgages reached 157,400 in Romania in the first eight months of this year. Most mortgages were recorded in Bucharest, namely over 3,800. Cluj and Ilfov came next, with almost 2,000 mortgages, respectively over 1,400.

Most land deals were seen in Timis between January and August, namely 5,760.